Chase Sapphire Reserve increases annual fee; introduces new benefits

Existing benefits are also being maintained or slightly adjusted. The flexible $300 travel credit remains unchanged, applicable automatically to various travel-related purchases such as ride-hailing services and Airbnb rentals. A returning feature is the $120 Global Entry, TSA PreCheck or Nexus statement credit available every four years.

Chase has also made changes in its reward rates under certain categories. For example, flights booked via Chase Travel will now earn 8 points per dollar spent instead of 5 points previously. Directly booked flights and hotels will earn 4 points per dollar spent instead of the previous rate of 3 points.

Cardholders can continue enjoying access to Chase Sapphire Lounge by The Club locations and automatic IHG One Rewards Platinum Elite status with associated benefits like room upgrades and late checkout where available.

Current cardholders will see these changes take effect on October 26th; however, they will only pay the increased fee during their next anniversary date after this period.

Despite some devaluation in reward rates within specific categories, the overall package still offers value that exceeds its cost when fully utilized according to personal spending habits.